New York Financial News

03.12 / 15:03
Citi Citigroup licence Citi seeks securities licence in China
Citigroup has applied for a securities licence in China, according to a person familiar with the matter, as the New York-based banking giant eyes a bigger presence in the world’s second-largest economy.
03.12 / 00:21
business Blockchain Technology Adoption First NFT-focused ETF lists on NYSE Arca
On Thursday, registered investment adviser and fintech firm Defiance announced it has launched the first nonfungible token (NFT)-focused exchange-traded fund (ETF) on the New York Stock Exchange Arca. The fund is listed under the ticker symbol NFTZ and has a management fee of 0.65% per year.
02.12 / 17:31
cryptocurrency NFT Lawyer Prison Trump Former lawyer of Donald Trump to auction NFT of memoir written in prison
Michael Cohen, the former lawyer of erstwhile United States President Donald Trump, will display and auction a non-fungible token of the first page of his memoir written while serving his prison term, NFT platform and curated marketplace ArtGrails has announced.
02.12 / 14:47
IPO Target boost UK confirms listing changes to boost IPO competitiveness
The FCA confirmed a number of rule changes for UK market listings in an effort to keep London competitive with other IPO destinations including New York and Hong Kong.
01.12 / 14:21
Lowe's Credit-Card Applications Hit Pandemic High
Americans are applying for credit cards at a rate not seen since before the pandemic.
01.12 / 12:41
COST BTC CEO Bitcoin BTC Mining BTC Mining Firm Griid to be Listed on NYSE, valued at $3.3B
Bitcoin mining company Griid announced that it will merge with Adit EdTech Acquisition Corp through a special purpose acquisition company (SPAC) to be listed on the New York Stock Exchange under the stock code «GRDI».
01.12 / 03:13
FIVE Williams Centre New York Fed opens innovation centre
It will focus on five areas: supervisory and regulatory technology; financial markets infrastructures; future of money; open finance; and climate risk.The centre is being helmed by Per von Zelowitz, a fintech veteran who joined the New York Fed in July to lead the effort.
01.12 / 01:49
business Blockchain Technology Bitcoin Deal $3.3B Bitcoin mining company Griid to list on NYSE via SPAC deal
In a filing with the United States Securities and Exchange Commission on Tuesday, special purpose acquisition company, or SPAC, Adit EdTech Acquisition Corp, announced it would merge with Cincinnati-based Bitcoin (BTC) miner Griid at a $3.3 billion enterprise valuation. SPACs are blank check companies created for the sole purpose of acquiring other firms.
01.12 / 00:04
UPS Fannie Mae, Freddie Mac to Back Home Loans of Nearly $1 Million
WASHINGTON—Starting next year, home buyers in high-cost areas of the country will be able to borrow nearly $1 million for a mortgage loan backed by the government, a reflection of the rapid appreciation in home prices nationally.
30.11 / 20:17
UPS Fannie Mae, Freddie Mac to Back High-Cost Home Loans of Nearly $1 Million
WASHINGTON—Starting next year, home buyers in high-cost areas of the country will be able to borrow nearly $1 million for a mortgage loan backed by the government, a reflection of the rapid appreciation in home prices nationally.
30.11 / 19:47
Blockchain Ethereum Deloitte Bitcoin week Top 3 Cryptocurrencies to Watch This Week - Cardano, Avalanche and HUH Token
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30.11 / 09:11
Sexual Abuse Healthcare Maxwell, Epstein were 'partners in crime,' prosecutor says
Ghislaine Maxwell and Jeffrey Epstein were “partners in crime” in the sexual abuse of teenage girls, a prosecutor said Monday, while Maxwell’s lawyers said she was being made a scapegoat for a man’s bad behaviour as the British socialite’s sex trafficking trial got underway in New York.
30.11 / 01:21
business Federal Reserve Support BIS Innovation Hub partners with Fed to support analysis of digital assets
The Federal Reserve Bank of New York has announced it will be partnering with the Bank for International Settlements Innovation Hub as part of the launch of its New York Innovation Center, an initiative aimed at exploring technology used to develop the global financial system. 
29.11 / 18:55
Rental Assistance to Be Redirected Based on Demand
WASHINGTON—The Treasury Department is redirecting rental-assistance money from some states and localities that haven’t used the bulk of their funds to others facing backlogs of aid requests, according to administration officials.
29.11 / 16:13
boost Centre Financial London looks to regulators to help boost growth to regain financial centre crown post-Brexit with
London wants to regain the mantle of the world’s busiest financial centre from New York by overhauling how banks and other financial firms are regulated after Brexit.
28.11 / 13:25
Government Ethereum ETF Bitcoin Australian US Bitcoin ETF favors Australian approval, but Aussies need to go further
On Oct. 19, 2021, the ProShares Bitcoin Strategy ETF (BITO) launched on the New York Stock Exchange. On its first day, the exchange-traded fund (ETF) saw an influx of close to $1 billion in natural volume and, within 24 hours, Bitcoin (BTC) itself would reach a new all-time high for its price in U.S. dollars. This comes a week after the U.S. Securities and Exchange Commission allowed the ETF’s application to expire, which effectively gave the okay for the product to move ahead. 
26.11 / 19:37
Coindesk covid variant Variant Major cryptocurrencies plunge as new Covid variant draws concern
Major cryptocurrencies plunged on 26 November amid a broad sell-off of risky assets, after a new variant of Covid-19 was detected in South Africa.
26.11 / 13:27
IPO SoftBank Bitcoin China regulators ask DiDi Global to delist from New York Stock Exchange
China’s regulatory stance has been getting more stringent, post the blanket ban on cryptocurrency. The Chinese government had initially unveiled a five-year plan outlining tighter regulation of much of its economy.
25.11 / 16:51
UPS NASDAQ Stock indices Global stocks are up — here’s what else is happening on stock markets on Thanksgiving
The Thanksgiving holiday has ushered in a period of calm for markets as US traders take the day off. But, nevertheless, equities around the world were moving higher and US stock market futures got a boost.
25.11 / 05:27
business Mining Funding valuation Celsius expands funding round to $750M, tips $7B to $10B valuation in 2022
Crypto lending firm Celsius Network has expanded its $400 million Series B round from October to $750 million as a result of oversubscription in the firm’s capital raise.

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